THORChain has enabled symmetric withdrawals for Terra liquidity providers.
THORChain has enabled symmetric withdrawals for Terra liquidity providers.
Symmetric Withdrawals for Terra Enabled
— THORChain (@THORChain) May 20, 2022
- UST and LUNA LPers can now withdraw symmetrically
- If you came in asymmetrically, you will only be able to get that side out
- If you came in symmetrically & attempt to withdraw asymmetrically, you will still be withdrawn symmetrically
$UST and $LUNA symmetric liquidity providers must exit 50:50.
Asymmetric liquidity providers can only exit with the asset they came in with.
For now, pooling and swaps are paused while Impermanent Loss Protection still applies based on the number of days in the pool(1% per day)
It is advised to withdraw before May 27 (GMT+8) for your Terra assets to qualify for Terra 2.0 Airdrop Snapshot.
Trading on Terra Chain will be re-enabled on May 24th (UTC).
